Plant and Equipment Insurance
With valuable heavy equipment comes specialist needs. Cover liability, damage to machines and lost profits under one tailored plant and equipment insurance package.
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Plant and Equipment Insurance
Rely on a reputable insurance broker
What is Plant and Equipment Insurance Insurance?
Plant and Equipment Insurance otherwise known as Industrial Special Plant (ISP) is designed to provide protection for industrial equipment. It’s ideal for industries such as civil works, agriculture, manufacturing, construction and mining.
ISP is typically a packaged form of insurance; it often includes cover for liability of business activities, loss or damage to machinery/equipment, and lost revenue if a machine is damaged and unable to work.
Whatever your business activities, a comprehensive package will ensure your assets and operations are shielded from the unforeseen.
What can be covered
- Accidental loss/damage
- Third-party liability
- Hired-in machinery
- Damage to lifted goods
- Recovery costs
- Lease protection
- Road risks
What may not be
- Operation of equipment under drug or alcohol influence
- Deliberate or reckless acts
- Pollution liability
- Mechanical breakdown not caused by accident/damage
Get started with Plant & Equipment Insurance
Whatever your business activities, a comprehensive package will ensure your assets and operations are shielded from the unforeseen.
Plant and Equipment Insurance claim example
Jonathan operates a small earthmoving business with a tipper truck, excavator and skid steer loader. He takes out an ISP package with his broker to cover these vehicles and his public liability.
A good contract comes up where Jonathan wins the tender. Part of the job requires a dozer – so Jonathan hires one in and lets his broker know so it’s noted on his policy.
The dozer is vandalised while left on site, and unsafe to use. Jonathan’s ISP policy will pay to both repair the hired in plant, as well as the additional costs he has to pay the hiring company while it is out of action. Knowing that this is all covered, Jonathan is able to hire another dozer to keep work progressing on his contract.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James St, New Farm
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Clayton Rowlings did a wonderful job for me. He's very knowledgeable on everything about insurance. He's also an excellent communicator, being able to listen and understand my needs and then advise me accordingly. … More He got me a deal about 30% cheaper than the one I got from my existing stockbroker. This occasion of getting an insurance quote was the best experience I have ever had so far in my lifetime and I'm 67 years old!
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I cannot recommend Aimee Spencer highly enough. She didn't just sell me a policy; she genuinely cared about understanding my specific coverage needs. Not only did Aimee take the time to genuinely understand my specific … More coverage needs, but she proactively ensured all necessary documentation was issued and delivered well ahead of my deadline. If you are looking for an insurance broker who is competent, caring, and truly operates with your best interest in mind, look no further.
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I couldn't be happier with the professionalism and high service standards I've experienced since first contacting CIB back in March 2025 for an insurance quote.I have been assisted by Tracey Eaton who is always … More at the end of the phone when I call or quick to respond on the off chance she's not available.Tracey is very friendly, patient, informative and knowledgable. She is authentic and from my initial contact (and further ones since) Tracey goes to the lengths necessary to answer all my questions by explaining and adding extra information, or providing examples in straightforward terms, and conducts any follow up very promptly and effectively.My insurance need wasn't for a common residential property, and staff at numerous other insurance companies I'd approached didn't know if they could arrange cover or couldn't.By the time I'd got CIBs contact info I was frustrated, skeptical and I didn't have confidence I was going to find an insurance product I was after.Straight away Tracey said she was pretty sure she could find an insurer who would be able to offer me insurance, as she was aware coverage in the past had been' obtained for similar properties and circimstances. Within a short time she was back in contact confirming it was possible.Subsequent quotes were reasonable and provided options, and the policy statement info was easy to understand.After many dead-ends with a lot of enquiries I'd made of other insurers, previously, and a lot of wasted time and dealing with other people nowhere near as interested to help or knowledgeable about available imsurers ... my contact and experience with Tracey and CIB was so easy, hassle free and re-assuring. I ended up with everything I needed and for a competitive premium.A couple of other employees of CIB who I've also spoken to, including Mark McGuire, have been just as helpful, interested and committed to providing great communication and assistance to me.It's evident the employment standards, training and management support or practices result in recruiting good people, who enjoy their job and are good at it.I couldn't be more satisfied and I believe I'm in good hands. I continue to receive fast, friendly, genuine assistance on the couple of occassions I've had further contact since taking out my policy.Thanks Tracey and to your colleagues, you display a passion and commitment to present the best side of the insurance industry, in the best interest and for benefit to your client.I hope many other people get to have the same positive experience as I have.
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Alison Never at Consolidated Insurance Brokers was exactly what I needed. I received very clear advice and support from her regarding my insurance inquiries. I highly recommend taking the time to talk with Alison you won’t … More be disappointed.Thank You so much Alison for helping me purchase the appropriate insurance for my investment. Excellent Service and Professionalism.Regards Niki and hubby
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Tracey Eaton
How can we help?
With access to a range of quality insurers, and policies not available to the public, we can offer you a range of competitive quotes.
We’ll help you compare the price with the coverage offered for each, so you can make the best choice for your equipment and activities’ protection.
You’ll also receive recommendations for extras for your highest risks, so you’re not paying for a policy that doesn’t cover what you need. For every new business quote and renewal, we break down all important changes and comparisons for you in plain English.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.